MidFirst Business Credit provided $8.5 million in working capital and capital expenditure facilities to Morcon, a commercial paper tissue company based in Eagle Bridge, NY.
MidFirst Business Credit provided a $3 million working capital facility to Northern Brewer, which used the funds to provide additional working capital and to help facilitate further business expansion.
MidFirst Business Credit provided $12.2 million in working capital and term loan facilities to Ullman Oil Company.
MidFirst Business Credit provided a $10 million working capital facility to Phoenix Group Metals, which used the funds to refinance the payoff to an existing lender, provide additional working capital and help facilitate further business expansion.
Presidential Financial named Dennis Schlesner its new president. Schlesner will join the company at its corporate office in Atlanta.